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Hyundai, Kia target more segments, move upmarket

The next three years promise plenty of growth for Hyundai and Kia.

Automotive News
Hyundai Azera
The redesigned Azera will make its North American debut at the Los Angeles auto show in November. Hyundai

Hyundai and Kia are on pace to set U.S. sales records this year, and have been picking up market share from Japanese and Detroit rivals.

They're doing it with product. Both companies have been making splashes with new mainstream models. And they have been expanding into new segments and moving upmarket.

The next three years promise more of the same.

Hyundai got its 2012 model year rolling with a redesigned Accent subcompact and a freshened, more powerful Genesis sedan. Also coming in the model year are the new Veloster sporty coupe, a more upscale Azera sedan, and an Elantra coupe.

Down the road Hyundai is expected to bring out a new sport sedan and a dedicated plug-in hybrid sedan.

Kia Rio
The redesigned Kia Rio goes on sale in the fourth quarter. The Rio is offered in sedan and hatchback versions. Kia Motors

Kia will launch a redesigned Rio subcompact this year before bringing out its Cadenza upscale sedan next spring. Kia's best-selling vehicles--the Sorento midsize crossover and the Soul compact hatchback--will be redesigned in 2013.

Here are the model-by-model plans for Hyundai Motor America and Kia Motors America. (Automotive News subscription required)

(Source: Automotive News)